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The sales on account have been budgeted for the last seven months as follows: June $ 132,500 July 160,000 August 185,000 September 220,000 October 245,000

The sales on account have been budgeted for the last seven months as follows:

June $ 132,500

July 160,000

August 185,000

September 220,000

October 245,000

November 270,000

December 232,500

Required: 1. Compute the estimated total cash collections during October from credit sales. 2. Compute the estimated total cash

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